The General Dynamics Corporation (GD) Oct11 65.00 Call was excercised on Friday. I was waiting until earnings announcement today to determine whether to continue the position as a CSP or close it. Since GD is now trading below the 65.00 strike, I decided to close the position. All prices include IB commissions.
Position Summary
| Cost Basis | $6,500.00 |
| Net Profit | $247.83 |
| Percent Return | 3.81% |
| Annualized Return | 9.22% |
| Days Held to Expiration | 151 days |
Trade History
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 5/23/2011 | GD | CSP Margin Used | CSP 100 GD @ 65.00 | ($6,500.00) | ||
| 5/23/2011 | GD | Initial Put Option | STO 1 Aug11 65.00 Put @ 1.14 | Exercised | $113.98 | |
| 8/19/2011 | GD | CSP Margin Returned | CSP 100 GD @ -65.00 | $6,500.00 | ||
| 8/19/2011 | GD | Stock Assigned | EX 1 Aug11 65.00 Put @ -65.00 | ($6,500.00) | $0.00 | |
| 8/24/2011 | GD | Continued Trade | STO 1 Oct11 65.00 Call @ 1.34 | Exercised | $0.00 | $133.97 |
| 10/21/2011 | GD | Stock Called | EX 1 Oct11 65.00 Call @ 65.00 | $0.00 | $6,499.88 | |
| 10/21/2011 | GD | Net Cost/Profit-Loss | ($6,500.00) | $247.83 | ||
| DTE | 151 | Percent Profit-Loss/Annualized | 3.81% | 9.22% |
